McCormick & Co Inc Director Receives Routine Phantom Stock Award
MCCORMICK & CO INC
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Filing Summary
Insider Transaction Alert: McCormick & Co Inc (MKC) Insider: Tapiero Jacques (Director) Action: Acquired 185.874 shares of Phantom Stock via Grant/Award at $53.80 (~$10,000.02 total value) Filing Date: 2026-09-03 | Transaction Date: 2026-09-02 Significance: Low (Routine Director Compensation)
Comprehensive Analysis
Executive Summary
On September 3, 2026, McCormick & Company, Inc. ($MKC) filed a Form 4 disclosing transactions by Director Jacques Tapiero. The report details the acquisition of phantom stock credited under the company's Non-Qualified Retirement Savings Plan, consisting of a routine award and dividend reinvestment.
Key Transaction Highlights
- Grant / Award (2026-09-02): Acquired 185.874 shares of Phantom Stock at $53.80 per share (~$10,000 total value, Transaction Code
A). - Dividend Reinvestment (2026-07-20): Acquired 23.942 shares of Phantom Stock at $52.24 per share via dividend reinvestment (Transaction Code
J). - Holdings Post-Transaction: Following these transactions, the insider holds 2,815.397 shares of phantom stock indirectly, along with direct holdings of 33,818.054 shares of Common Stock - Voting and 2,620 shares of Common Stock - Non Voting.
Market & Strategic Impact
This filing reflects standard director compensation and dividend reinvestment under a deferred compensation/retirement plan rather than discretionary open-market buying or selling. As such, the market impact is considered Low.
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